48,705 Shares in Zynga Inc (ZNGA) Purchased by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC bought a new stake in shares of Zynga Inc (NASDAQ:ZNGA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 48,705 shares of the company’s stock, valued at approximately $195,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bourgeon Capital Management LLC increased its stake in shares of Zynga by 147.1% during the fourth quarter. Bourgeon Capital Management LLC now owns 25,200 shares of the company’s stock valued at $101,000 after purchasing an additional 15,000 shares in the last quarter. Crow Point Partners LLC bought a new position in shares of Zynga during the fourth quarter valued at approximately $114,000. The Manufacturers Life Insurance Company increased its stake in shares of Zynga by 23.2% during the second quarter. The Manufacturers Life Insurance Company now owns 30,835 shares of the company’s stock valued at $112,000 after purchasing an additional 5,815 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Zynga during the third quarter valued at approximately $150,000. Finally, Prudential Financial Inc. increased its stake in shares of Zynga by 9.1% during the second quarter. Prudential Financial Inc. now owns 44,500 shares of the company’s stock valued at $162,000 after purchasing an additional 3,700 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Shares of Zynga Inc (ZNGA) opened at $3.49 on Friday. The firm has a market cap of $3,212.30, a P/E ratio of 123.00, a P/E/G ratio of 2.71 and a beta of 0.51. Zynga Inc has a 1 year low of $2.40 and a 1 year high of $4.34.

Zynga (NASDAQ:ZNGA) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). The firm had revenue of $233.30 million for the quarter, compared to the consensus estimate of $218.64 million. Zynga had a net margin of 3.09% and a return on equity of 1.68%. Zynga’s revenue was up 22.5% on a year-over-year basis. During the same period last year, the business earned ($0.04) EPS. equities analysts anticipate that Zynga Inc will post 0.06 earnings per share for the current fiscal year.

In related news, Director Ellen F. Siminoff sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $3.97, for a total transaction of $47,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bernard Jin Kim sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $3.94, for a total transaction of $197,000.00. Following the sale, the insider now directly owns 349,450 shares of the company’s stock, valued at approximately $1,376,833. The disclosure for this sale can be found here. Insiders have sold 256,000 shares of company stock valued at $1,007,560 in the last three months. 12.43% of the stock is owned by insiders.

ZNGA has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Zynga from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 13th. Credit Suisse Group raised their target price on shares of Zynga from $3.80 to $4.00 and gave the company an “underperform” rating in a research note on Thursday. Wedbush set a $5.00 target price on shares of Zynga and gave the company a “buy” rating in a research note on Wednesday, October 18th. Cowen reaffirmed a “buy” rating and set a $4.50 target price on shares of Zynga in a research note on Thursday, October 12th. Finally, BidaskClub raised shares of Zynga from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $4.19.

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Zynga Profile

Zynga Inc is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) operating system and Android operating system and social networking sites, such as Facebook. The Company has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.

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Institutional Ownership by Quarter for Zynga (NASDAQ:ZNGA)

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